Carlsquare advised the shareholders of Picanova, the global leader of customized wall decor, on its multimillion growth-financing by French investor Ventech
26 jan 2014
French innovation investor Ventech SA with a focus on growth opportunities in Europe’s digital economy provides further equity to fuel Picanova`s international expansion. Picanova GmbH, headquartered in Cologne/Germany with offices and production facilities in USA, China and Baltics specializes on the manufacturing of a broad range of fully customized wall decor products such as canvas and aluminum prints, photo wallpapers as well as photo merchandising products like photobooks. To date the company was only financed by Cologne based investor DuMont Venture who joined the founders at the very beginning.
Carlsquare acted as the exclusive advisor to the investors of Picanova.
Picanova is one of the world’s leading manufacturers of individualized wall decoration products such as canvas and aluminum prints and photo merchandising products like photo-books. Reaching customers in more than 170 countries through over 30 internet platforms, the company fully controls a wholly owned supply chain through its production facilities in Europe, North America and Asia, engendering incomparable quality and prices for its customers. As a rapidly expanding e-commerce company with more than 250 employees, Picanova has built up an unparalleled global presence, counting among its corporate partners global brand leaders and industry giants. With sales in the millions of units each year, Picanova brings walls in homes and offices all around the world to life.
Ventech announced the first close of its €100 million-large fourth fund Ventech Capital F in 2012. Since 1998, Ventech has been partnering with the best entrepreneurs in Digital Economy & Technology (investing in software, hardware and communication, e-commerce, media and services). With a total of more than €400 million raised, Ventech selects and finances the most ambitious European projects and backs them to gain a global leadership position. Thanks to its sister company Ventech China, operating out of Beijing, Ventech is able to help European portfolio companies in their development in Asia, and investing locally through a dedicated fund. Ventech accounts for more than 50 exits with 7 IPOs, including Genesys, Alapage, Altitude Telecom, MeilleurTaux, and Musiwave.
Carlsquare supports enterprises and their shareholders concerning strategic capital transactions, the sale and acquisition of shares or the implementation of capital increase. Carlsquare is led by three partners and operates offices in Hamburg and Munich with 16 employees. Carlsquare is a member of the international Globalscope network of corporate finance and business advisers. Founded in 1987, Globalscope now has 32 members on every continent in 26 countries with over 300 professionals.
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